About Rendesco
Rendesco is a company based in Cheltenham (United Kingdom) founded in 2012.. Rendesco has raised $7.67 million across 1 funding round from investors including Aviva, Eurazeo and Clean Growth Fund. Rendesco offers products and services including Geothermal Networks and Ground Source Heat Pumps. Rendesco operates in a competitive market with competitors including CBRE, Clearway, Premier Technical Services Group, Mitie and OCS, among others.
- Headquarter Cheltenham, United Kingdom
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Sectors
Business Services
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Phone
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Website
*********
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Social
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- Legal Name Rendesco Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.67 M (USD)
in 1 rounds
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Latest Funding Round
$7.67 M (USD), Series A
Jun 13, 2024
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Investors
Aviva
& 3 more
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Employee Count
Employee Count
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Products & Services of Rendesco
Rendesco offers a comprehensive portfolio of products and services, including Geothermal Networks and Ground Source Heat Pumps. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Develops networks for low-carbon heating in housing developments.
Installs and maintains efficient pumps for sustainable energy.
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Funding Insights of Rendesco
Rendesco has successfully raised a total of $7.67M through 1 strategic funding round. The most recent funding activity was a Series A round of $7.67 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $7.7M
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First Round
First Round
(13 Jun 2024)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - Rendesco | Valuation | Clean Growth Fund , Eurazeo |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Rendesco
Rendesco has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Aviva, Eurazeo and Clean Growth Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage cleantech entrepreneurs are supported with expert capital.
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Founded Year | Domain | Location | |
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Private equity and debt investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Copley Point is engaged in asset management and principal investment.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Rendesco
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Rendesco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Rendesco Comparisons
Competitors of Rendesco
Rendesco operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CBRE, Clearway, Premier Technical Services Group, Mitie and OCS, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Property management, brokerage, and asset services are provided globally.
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Provider of property management, temporary CCTV installations and alarm response monitoring
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| domain | founded_year | HQ Location |
Equipment services are provided in access, safety, and electrical divisions.
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| domain | founded_year | HQ Location |
Facilities management, consulting, and engineering services are provided globally.
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| domain | founded_year | HQ Location |
Facilities management services are provided by OCS since 1900.
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| domain | founded_year | HQ Location |
Housing and care services are provided across the UK.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Rendesco
Frequently Asked Questions about Rendesco
When was Rendesco founded?
Rendesco was founded in 2012 and raised its 1st funding round 12 years after it was founded.
Where is Rendesco located?
Rendesco is headquartered in Cheltenham, United Kingdom. It is registered at Cheltenham, Gloucestershire, United Kingdom.
Is Rendesco a funded company?
Rendesco is a funded company, having raised a total of $7.67M across 1 funding round to date. The company's 1st funding round was a Series A of $7.67M, raised on Jun 13, 2024.
What does Rendesco do?
Rendesco was founded in 2012 and is based in Cheltenham, United Kingdom. Operations focus on the installation and maintenance of pumps within the residential and commercial sectors. Services are delivered to support plumbing and engineering needs in these areas. The company operates primarily in the United Kingdom, addressing routine upkeep and new setups for various pump systems.
Who are the top competitors of Rendesco?
Rendesco's top competitors include Air Partner, OCS and Clearway.
What products or services does Rendesco offer?
Rendesco offers Geothermal Networks and Ground Source Heat Pumps.
Who are Rendesco's investors?
Rendesco has 4 investors. Key investors include Aviva, Eurazeo, Clean Growth Fund, and Copley Point.
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